on transactions made through UPI and RuPay debit cards. MDR is a fee that a bank charges merchants for processing payments in real time. At present, lenders provide these services to merchants ...

The government is considering a proposal to bring back merchant charges on Unified Payments Interface (UPI)-based transactions and RuPay-powered debit cards ... with new Reserve Bank of India ...

"urged" CEOs of public sector banks to issue RuPay cards to all existing customers who do not have debit cards as well as to new clients. Banks have also been told to "encourage" merchant ...

This comes after the Union ... For RuPay card transactions, it has proposed a 0.30% MDR structure for merchants of all sizes. It is pertinent to note that the Reserve Bank of India (RBI) defines ...

The government is considering reinstating merchant charges on UPI and RuPay debit card payments for large ... for large merchants was sent to the Union government by the industry (banks) and ...

These cards can be used at ATMs, point of sale (PoS) machines, and online merchants overseas. Additionally, RuPay Debit, credit ... the Reserve Bank of India (RBI) has decided to allow Indian ...

The government may be considering bringing back merchant charges on transactions made using Unified Payments Interface (UPI) and RuPay-powered debit cards ... merchant to the bank for processing ...